Release Schedule
In the short term, SPOOL Token supply will most likely be inflationary. In the long term, we are going to move to a schedule that adheres to the concepts outlined in:
10,500,000 SPOOL (5%) will be circulating initially since those SPOOL Tokens are distributed through a fair launch LBP.
The SPOOL Tokens reserved for DeFi Stakeholders 21,000,000 SPOOL (10%) will be distributed through linear vesting over 24 months, starting 6 months after the launch of Alpha V1, subject to completion of their agreed KPIs. Read more about the completion of KPI's here.
The SPOOL Tokens reserved for Builders, Advisors, and Ecosystem 42,000,000 SPOOL (20%) will be distributed through linear vesting over 24 months, starting 6 months after the launch of Alpha V1.
The Spool Builders who will be receiving the 20% Builders Share of the SPOOL Token Supply have jointly agreed to stake their SPOOL Tokens indefinitely behind a time lock as they vest. This indefinite re-staking ensures that any major unlocks will be communicated well in advance.
The remaining 65% of SPOOL Token Supply is DAO governed, and their exact release schedule is subject to the Spool DAO its input.
Examples for distribution could be the incentivization of Genesis Spools to distribute governance to protocol users, token swaps with other DAOs, bootstrapping liquidity, and more. Votes to determine an initial start of distribution will be held in the near future.
Last modified 6mo ago